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Search Results 0 to 49 of about 77 (some duplicates have been removed)
CNBC
Dec 6, 2012 4:00am EST
with the german economy and this is a big divergence. so that's a change. but looking over time, all stocks have the component of what they call the economic return. speculative return which is it for change and the valuation that the market puts on it. over time, one is a possum gain and the other is zero sum gain. sometimes good news, sometimes bad news. but over time the kind of net being nothing. >> we'll see what happens. good to have you on. we'll be out in westminster, joined by the british shadow business secretarier to. we'll talk currencies. find out why one strategist is bullish on the currency. after the ramp up in m&a that we've seen this year, we'll also speak to an expert in los angeles that says the fundamentalses for deal activity in 2013 are looking more solid. so where will the money flow in the new year, that's at 11:20. and the outlook for u.s. credit market appears less rose city. we'll speak to a moody's analyst that says high duration credit could be badly exposed. the european central bank is announcing either monetary policy decisions later today. economists expect ecb
CNBC
Dec 6, 2012 3:00pm EST
to get better. the economy is strong. it's going to get stronger. >> what evidence do you have these guys are not just going to go over the fiscal cliff? we heard tim geithner on this program yesterday when steve asked him, look f you don't get what you want, do we go over the fiscal cliff? he said absolutely. >> he said he would do it! >> what happens when we wake up january nd, we go over the cliff, and the world doesn't end? >> that is so irresponsible. >> you have to be a long-term investor. long-term stocks have outperformed bonds. >> with all do respect, george, are you one of those come play september investors larry is referring to? >> i'd say we're opposite of that. we never take anything for granted, but we bet accordingac. bonds are trouble. a lot of people are going to lose a lot of money in bonds. you have to be prepared for that. interest rates are going to go up. dividends are going to continue to increase. the economy in this country is strong. it's going to get stronger. >> even at 44% dividend tax? >> it's not going to go that high. >> if we go over the fiscal cliff, it
KCSMMHZ
Dec 6, 2012 2:30pm PST
gloomy projection for the eurozone. the bank expects the 17-nation economy to contract again in 2013, meaning another year of recession, but there is a glimmer of hope ahead. >> later in 2013, economic activity should gradually recover as global demand strengthens and our accommodative monetary policy stance and significantly improved financial market confidence works its way through the economy. >> the ecb expects muted growth in 2014, and with inflation falling, the bank might be prepared to lower interest rates again next year if it thinks that could help stimulate the battered eurozone economy. >> the latest unemployment figures from france are not encouraging. the french office of -- statistics office says the jobless rate rose to 10.3% in the third quarter of 2012, a 13- year high. youth unemployment remains at a particular problem -- nearly a quarter of adults under the age of 25 are without a job. that is the highest rate since youth unemployment statistics were introduced in 1999. turning to the markets now, that news from the european central bank was not all gloomy. our co
CNBC
Nov 30, 2012 1:00pm EST
on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> then one of those congressmen who's presumably on the president's naughty list today, speaker john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously he's saying that these negotiations not broken down. they continue to talk but a stalemate is the way he characterizeded that. so tyler, not great news here on capitol hill, but there's another week next week. we'll get another crack at this thing. >> eamon, thanks very much. where do we stand? are we any closer to a deal? we thought we'd give you our little guide with the daily spin on our "rise above" deal meter. as you can s
CNBC
Dec 6, 2012 9:00am EST
back this morning, a new report finds that exporting nat gas will actually help the u.s. economy, but not every day is a winner. >>> vice chairman alan blinder will tell us what he thinks. >>> a new study from the federal government shows exporting u.s. natural gas overseas has the potential to reshape the global energy markets. the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government say
FOX News
Dec 6, 2012 12:00pm PST
. the head of state television. it is possible that made a difference. also throw into the mix the economy there. the economy in egypt is suffering terribly. today alone the stock market is down another 4.6%. the egyptian currency is at an eight-year low. those factors may be contributing to why at least now the egyptian president has decided to speak out. we will have to wait and see if there is any compromise in the works. >> we shall see. david lee miller live in our newsroom. i can tell you what happened so far in this speech. the egyptian president said among other things that the will of the people cannot be expressed boo i angry crowds in the street. but in fact the polls indicate and the word from the people is that's exactly what is happening. the egyptian president mohamed morsi from the muslim brotherhood is speaking live on egyptian television. should anything of significance come out of it we will bring it to you. >>> the software tycoon wanted in the murder of a neighbor has asked for asylum, but instead he is in jail. it has not stopped him from blogging about his adventures
CNN
Dec 3, 2012 5:00pm PST
effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump significantly. here's the thing. very few of these benefits affect middle class workers. it does affect the higher income earners and the question you have to ask is will it affect their spending patterns and the thinking amongst democrats and among many liberal economists is that you don't spend the marginal money that you earn in the same way you spend the core money that you earn, so the impact won't be as big. it's not to say that there's no impact and it would be better for the economy if we were not raising taxes on anybody and possibly lowering taxes, but there's a doomsday scenario that's been put out there about what would happen if you raise taxes on the top 2%. we don't have a lot of studies to back that up. >> you say not a lot of studies to back that up because that is the principle republican argument. they say the recovery is so weak, if you raise taxes on the top 2% right now you will hurt the job creators at a
FOX Business
Dec 6, 2012 3:00pm EST
to stimulate the economy and keep rates low and that will favor stocks so stocks will take care of what is going on in the treasury market. liz: cap it with the hurricanes and the effect which a reverse from negative to positive at some point. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when you take out the fear we have of things going on in syria or iran you see us treating at $78 as opposed to where we are now but -- [talking over each other] liz: when you push it out a couple months to the future of the market and look at the trend -- >> it looks to me like we should be trading $3 or $4 or $6 or $8 lower from here and look for the trend to continue as we go furth
CNN
Dec 4, 2012 1:00pm PST
. >> the concern people have is the world economy is in a very fragile state right now. i don't have to say what the problems of the eurozone have, they're very manifest. but the global economy as a whole, there's a lack of confidence, a worry about where it's going. so if you in america, and people have a lot of confidence in america in this regard, if you can sort out this issue, then even though that doesn't sort out all the problems of the american or global economy, it would be a big boost and give people a sense of confidence that there was -- you guys have got your act together. the decisions were being taken, and i think it will be good for you and good for us. so i hope you do it. i believe you will. i know right now there's bound to be tough negotiations. the president has been re-elected and i think that gives the situation its own special momentum. i hope you resolve it and then we're going to have to take some tough decisions over our way, too. >> very quickly. there was a cute video of hillary clinton here in washington over the weekend, and it had a clip from you in there. i'll pl
CNN
Dec 6, 2012 9:00am PST
the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. >>> american
CNN
Dec 5, 2012 11:00pm PST
's economy. >> senator tom coburn today as you know, very vocal on this issue. he's put years into it. reached out across the aisle. he said he would rather raise tax rates than eliminate loopholes and cap deductions, which is the opposite of what it sounds like you're saying or speaker boehner is saying. what do you think of his idea in would you take a look at it? >> i think coburn's basically coming from a standpoint as these taxes are programmed to go into effect. again, i can't make a prediction on where we're going to end up because i don't know. >> but do you think we're going to get a deal by the end of the year? and the whole world is watching this. some of them laughing at us, but also cause a real problem in our financial markets. >> if we allow those taxes to go up or if we allow the president's plan for them to go up on the people that we're betting upon to make a new jobs in this dismal economy, the world's going to be -- and nobody in america's going to be laughing. a whole world of hurt going around. >> the bottom line is you don't like the option, but you're willing t
FOX News
Dec 3, 2012 4:00pm PST
of the overall assemblage of lawmakers on capitol hill to hold the american economy hostage, to threaten default on the american economy. >> the bottom line tonight is that white house officials are telling me unless john boehner admits that basically the president won the election, and that, in fact, taxes have to go up, in terms of tax rates have to go up on the rich, the president is prepared to see the nation go off the fiscal cliff, shep. >> shepard: what's the thinking on whether they can actually come together at some point here, ed? >> right now it's pretty dim. if you look at what speaker john boehner said in that exclusive interview with our own chris wallace on "fox news sunday." he said right now there are nowhere in these talks. other serious republicans like lindsey graham says he thinks we are edging closer to closer to this just being in calamity. >> i think we are going over the cliff. it's pretty clear to me that they made a political calculation. >> he believes we are likely to go of 00 cliff now. the bottom line is tonight the president is hosting congressional leaders for th
FOX Business
Dec 5, 2012 8:00pm EST
: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] itoesn't. stop ptending. only flood insurance covers floods. visit floodsmart.gov/pretend to learn your risk. charles: paying for security? it could make us more financially insecure. senator tom coburn saying that homeland security has spent $35 billion in grants to make america safer. but it still can't measure if we are actually safer. the department is wasting things on zombie apocalyp
FOX News
Dec 6, 2012 6:00am PST
on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither political party wants to keep it going, therefore the tax -- the social security tax for everybody who works goes up as of january 1. that will take $120 billion out of the economy. it is a tax increase of $120 billion. martha: the bush tax cuts and letting them go versus this increase. how does it all balance out? >> reporter: just consider this. you reported 370,000 people filed for first-time unemployment cla
CNN
Dec 5, 2012 4:00am PST
will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings have been destroyed and the death toll stands at 133 with hundreds more still missing. >>> meantime in rain soaked seattle there are concerns about more mudslides. meteorologist karen maginnis joins us live from atlanta with the latest. they cannot get a break. >> they really can't, and f
CNN
Dec 5, 2012 6:00am PST
the problem. >> as we continue to try to solve the fiscal economy, today we will have small family-owned businesses in there, talking about ways that we can -- >> we're going to pull away from this. i have a question of you, dana bash. dana, are you there? she can't hear me. well, i wanted to ask her about these $800 billion in tax revenue. i want to make it clear to all of you that does not mean an increase in taxes on the wealthiest americans. that means closing loopholes and cutting other things to raise that $800 billion in tax revenue that the republicans are talking about. we're going to hear much more about this on the other side of the break and we'll be right back. >>> just moments ago, john boehner spoke to reporters and said he made an offer. part of the negotiations to avoid that fiscal cliff, he made that offer to president obama that includes $800 billion in tax revenue. he wants to overhaul the entire tax code, close loopholes, things like that. he's waiting for a response from the president. listen to what he said. >> you know, this week we made a got faith offer to
CNN
Dec 1, 2012 7:00am PST
and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. the gop knows it. so what do they need to do to change? what issues do they need to focus on? we'll talk about that next with amy holmes and maria cardona. >>> but first, brain teaser for all you political junkies. when was the first presidential election republican party won without a nixon or bush on the ticket? give it some thought. we'll have the answer for you on the other side. ter's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food
CNN
Dec 3, 2012 4:00am PST
, the economy, if, in fact, we do go over the fiscal cliff, taxes will go up, major spending cuts will kick in. this weekend republican south carolina congressman seth graham said he thinks that we're going to go off the fiscal cliff in fact and he said this, i think we're going to go over the cliff, it seems to me that they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. senator richard blumenthal is a democrat from the state of connecticut. he joins us this morning. >> good to see you. >> you heard lindsey graham saying he thinks we're going off the cliff. you think that's true? >> i respectfully disagree. i'm really encouraged that we can avoid this fiscal cliff for a number of reasons. first of all, there is a growing group of republicans who say we really need to raise revenue, not just talk about raising revenue, but actually increase taxes on the wealthiest 2%. and they're willing to consider those kinds of taxes that the president proposed so that middle-class americ
FOX Business
Dec 5, 2012 11:00pm EST
fighting the good fight. we will keep checking in on you. thank you. chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we recommend... not more than two per day. yeah, when we first came out with the product... you know, i made sure of one thing. if my family wasn't going to use it... if it wasn't good enough for my family if it wasn't safe for my family... i'm not gonna put it out there. i take it almost every day. and twicwhen i play tennis. this is our criteria that we have to be safe... if we're notilling to do it ourselves... we're not asking anybody else to do it. we're not gonna sell it. so, that's our approach to safety... that is a higher standard you c
FOX News
Dec 4, 2012 4:00pm PST
that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on the table. that was a concession by him but n
FOX News
Dec 5, 2012 12:00pm PST
: we talked of the $1 billion a day. do we know how much damage this did to the economy? >>reporter: some of the damage never will be truly known because of the small businesses affected, the drivers that would have been here and stopped for lunch or breakfast and the drive across country would have stopped. there are some ships here but there are docks not totally full and a lot of empty ships, and they will be loaded today. a lot of them have been unloaded. the mayor here says no matter what happened, this was expense i. >> this cost the country about $8 billion, somewhere in the neighborhood $8 billion and 10,000 people were out of work but we shot a deal. people are going back to work. that is the good news. >>reporter: the big stores in the larger locations could get stuff late you forget there are a lot of smaller people, the guys at the smaller produce market would may have lost money. their stuff was sitting offshore or waiting to be loaded on and sat here for eight days. >>trace: thank you, adam. the millionaire software company founder wanted for questioning in a murder is
KICU
Dec 3, 2012 11:30pm PST
as another indication of an improving economy. some bay area dealerships may be out ahead of the trend. >>> u.s. car sales were up in november. >> confident. >> reporter: he says it's one of several indicaters the economy is recovering. >> the unemployment rate is declining slowly. gdp continues to grow. it looks like the housing market nationally may have bottomed out. it's a recovery, albeit perhaps a fractioned recovery. >> reporter: chrysler led detroit based automakers, up 14%. >>> the silicon valley auto dealers association represents about 60 santa clara county dealerships. the group won't have november numbers for another couple of weeks, but says so far this year, it's beating the national trend. >> certainly, we're seeing increased sales. again, some 25% year to date this year. >> reporter: this family owned buick dealership sold six cars over the weekend, including an acadia suv. they call that a good weekend, especially considering the rain. >> the whole question of what's going to happen in washington with these negotiations about taxes and entitlements is a big question mark. if
ABC
Dec 5, 2012 7:00am PST
of los angeles and long beach, california. the strike was costing the economy an estimated $1 billion per day because it prevented shippers from delivering cargo to stores and other businesses. 40% of all goods shipped into the country come through those ports. union workers there were protesting the outsourcing of jobs. there's no word, yet, on the terms of the deal struck. >>> and speaking of the economy, there's important news for anyone who owns a home or is looking to buy. prices, skyrocketing to levels we have not seen in years. and "weekend gma" anchor bianna golodryga is here with the latest. good morning, bianna. >> reporter: good morning to you, josh. important news and good news. everyone's been waiting for the housing market to take off since the collapse in 2008. now, we're learning that home prices jumped 6.3% in october, compared to the same time last year. that's the biggest year-to-year gain since 2006. now, prices rose in 45 states, led by a 21% jump in arizona and a 13% rise in hawaii. and according to the national association of realtors, they say the number of homes a
CNN
Dec 4, 2012 5:00pm PST
at a real reduction in the u.s. gdp, in the u.s. economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what y
CNN
Dec 4, 2012 8:00pm PST
1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> our second story "outfront," a stern warning to syria. the use of chemical weapons is unacceptable. nato says the use of these weapons of mass destruction will be met with an immediate reaction from the international community. former british prime minister and middle east envoy tony blair had the same message for bashar al assad earlier today with soledad o'brien on "starting point." >> if there was any sense at all that assad was going to use chemical weapons or did use chemical weapons against his people, i would expect a tough response that would be military. >> the question tonight is what role will the united states play in such a quote, unquote, military response? "outfront" tonight, peter brooks, former deputy as
CNN
Dec 4, 2012 11:00pm PST
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. >>> our second story "outfront," a stern warning to syria. the use of chemical weapons is unacceptable. nato says the use of these weapons of mass destruction will be met with an immediate reaction from the international community. former british prime minister and middle east envoy tony blair had the same m
CBS
Dec 6, 2012 5:00am PST
: the economy likely created just 80,000 new jobs last month down dramatically from the 171,000 in october. the unemployment rate could inch up to about 8%. we were at 7.9% last month. this falloff in job creation is likely due to a combination of the effects of superstorm sandy but also worries over the "fiscal cliff." >> jill, when can we expect to see the sandy-related impact diminish? >> reporter: to gauge the effect i went back to the data after hurricane katrina. katrina was a larger storm but sandy struck an area with a larger population so i think the impact on employment might look pretty similar. it took two months after katrina to return to the previous trend job growth. that means that hopefully by january, things should settle down in the data and we'll have to endure a couple of rotten months on the way. >> there we go. and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see t
ABC
Dec 6, 2012 2:35am EST
will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousand of e-mails in the case have been reap leased. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began specifically talking and fantasizing about killing a lot of people. his psychiatrist was so worried that she broke confidentiality and then contacted campus police. >>> here in new york, a suspect has been charged with murder for shoving a man to his death on the subway tracks. police say, 30-year-old, naim davis admitted to pushing the victim after the two argued on the platform. the judge denied davis bail. he admitted to police he stayed on the platform watching the man get struck by the subway. >>> the long search for two missing iowa cousins apparently ended in heartbreak. the body of
CNN
Dec 5, 2012 2:00am PST
to repair this economy to get people back on their feet to restore upward mobility and opportunity in america? >> you know, this will have a big saying in whatever they vote to do to avoid the fiscal cliff. tea party type groups saying it is going too far in raising revenues which is interesting because ryan is considered to be a hero to many in the tea party movement. >> some conservatives actually complaining because it was news to them, the boehner plan and the people who signed it, it didn't include enough different points of view, enough people in the party. all right. paul steinhauser, nice to see you, paul. >> thanks. >> 34 minutes part the hour. >>> new york city police say the man being requested for allegedly pushing a man into the path of an oncoming train is implicating himself. there it is for you to see this be they're arguing on the subway platform. a "new york post" photographer who shot a controversial front-page photo of the man trying to climb up from the tracks is explaining himself. he's writing in today's paper, he says it's unfair for people to condemn him. h
CNN
Dec 5, 2012 9:00am PST
like the economy really moving again too, and now can you see it reflected many some of the moves these big companies are making. what is happening is that they're being forced to streamline to keep things operating as tightly as possible. it will cut 99,000 jobs arnold the world, and this is a global layoff, and they're doing this in an effort to save about $1 billion. michael corbitt says these actions are logical next steps in citi's transformation. suzanne, to remind our viewers, the bank has struggled more than some of its rivals after the financial crisis. now, i also want to update you on what's happening with lockheed martin. lockheed marten is relocating hundreds of jobs from georgia to texas. employees who work on the company's f-22s will have the option to move from marietta to fort worth by the end of march. if they choose not to, they'll either be reassigned or laid off. you're going to hear similar situations at other companies too, and these moves are one of the more unfortunate aspects of an economy that's really having trouble rebounding, suzanne. >> explain to us
CNN
Dec 5, 2012 11:00am PST
to the economy. what are you hearing from wall street? sounds like some folks aren't so nervous. >> there is a variety of opinions, diversity of opinions. i said show me two economists and i'll show you six different opinions. the opinions are out of my control. what is in my control is this. can we get certainty? and, again, we all agree on at least the first $250,000, me, myself, i think it ought to be higher because it should be linked to the cost of living and not some figure. i think it should be higher. but let's just get agreement and pass the bill where we know everybody does agree. and that's on at least the first $250,000. that gives the market certainty and just as important it gives the middle class certainty. right now, this weekend, people are going to go out and buy holiday presents for their family, their friends, loved ones, they need to know whether their taxes are going to go up by $2,000 because we can't get an agreement. let's at least get that done and then we can move on to the more contentious issues. >> okay. congressman steve israel, appreciate it. than
CNN
Dec 1, 2012 4:00am PST
and weak economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say a man using what they're calling just a sharp edged weapon carried out a fatal attack. the man injured one person. that person was killed and then he went into a classroom and killed another person and then killed himself. the victims have not been identified, but police say all three, two men and one woman knew each other and they add that the attacker appeared to have worked alone. >>> we've got much more ahead this hour. >> here's a look at what's coming up. >> storming capitol hill naked. no, it wasn't a frat prank, it was a statement for aids awareness. and you won't believe whose office they took over. >> i think that what we can conclude is that we've got to be better. >>> an extreme makeover. that's what some republicans say the party needs after losing the presidency and seats in congress. all morning we'll look at how the grand old party
CNN
Dec 3, 2012 6:00am PST
raise those taxes on businesses and investors it's going to hurt the economy and this isn't the best time to do any injury to businesses and investors when we don't have enough jobs in this country. but you may be right that the president will insist on those tax rates going up and republicans have said, look, instead of raising the tax rates why don't we close loopholes in the tax system, make the tax system more efficient and stop picking winners and losers. i think that's the latest offer the republicans have put on the table. they're not opposed to a tax increase. they're basically saying let's do it the right way in a way that doesn't hurt the economy. >> yeah, but stephen, you could close every loophole that's out there and that wouldn't make up for our deficit. >> no, but the president's plan of raising taxes on the rich, let's assume even he has his way. let's assume republicans go along with his plan. that at best raises about $70 billion a year. that leaves us with a trillion dollar deficit. this puts the president i think in a little bit of a hole. if the republicans give
ABC
Dec 6, 2012 4:00am PST
for the economy. that's what the american people voted for. that's how we're going to get it done. >> mr. obama's treasury secretary, tim geithner, went a step further, saying that the president would allow the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>> and with that, we'll take a look -- >> you can't buy it
CBS
Dec 5, 2012 5:30pm PST
-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, when are we going to stop feeling like we're poor." i was like, "honey, it's not that we're poor, we just can't do a lot of things that other people do." >> reporter: sean and jody say it's soon going to become even tougher because
FOX
Dec 6, 2012 5:00am PST
technical concerns, the global economy and today's court hearing in the battle against samsung for yesterday's drop. >>> a gay blocker will be there because of a controversial photo, we will have more on what a judge has ordered. >>> a new perfect fume that could make you hungry, we will have more on the fast food chain that is launching the product, stay tuned. ñsxóxgñ . >>> welcome back to the ktvu channel 2 morning news, a new jersey congressman is calling for tighter regulations after that derailment and chemical spill. they say they cannot regulate themselves and they say the crash released vinyl chloride into the air and forced many people from their homes. >>> they will continue to collect and sort items. now the city said ash bury is going to shut down and workers say they have now been told to comply. he took a photo as he pleaded not guilty to disorderly conduct and skott weaner was found inside a bathroom last october. he criticizes him and that photo did not overstep any boundaries. >> we will be fighting this case and i think that despite the case, we are talking fundamentall
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